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20121202
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. they also want us to begin to balance the books just like we did under president clinton with a sensible, balanced approach, one that led to increasing wages across the board, increasing productivity, increasing employment, and a budget surplus in 2000 before president george w. bush took over. last year we cook a step in that direction. we cut $1 trillion in federal spending, we don't hear much about it particularly from the other side of the aisle. but what it means is that every discretionary program will see less funding for the next decade, which will have a huge impact on my state and every state in this country. now, if we're going to cut spending on education, research, and transportation to the tune of approximately $1 trillion, i think most americans recognize that the other side of the equation has to be considered. revenue needs to be part of the balance plan to reduce the debt. and the simple fact of the matter is that virtually every expert panel and commentator has said clearly in order to reduce the deficit to a sustainable level, revenues have to go up. it's a matter of
clinton and state counselors have been engaging for some time, and that is can we get a better answer than we have had in the past two how a new rise in power comes to the international system. and can we do so without running significant risks or indeed fall into conflict. >> thanks. please. >> i agree with everything the undersecretary has said your, and, in fact, admiral sam locklear underscore those pushes a couple days ago in australia. talking about engagement and that strategic trust. but it's interesting that the chinese tend to look at the american, ma asia pacific give it a sort of a continuing strategy. which speaks to the inability to really communicate with strategic effect. and i think you touched, steve, on a very important piece which was a seniority complex and if i can put it that way. china has felt that they were abused by major powers to the 19th century and well into the 20 century, and that has an interesting counterbalance, which is a seemed a bit of a superiority complex about the solutions that they are building on how china images as a global power. the disconten
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